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Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@ Unibi Model  

Herbert Dawid, Simon Gemkow, Philipp Harting, Sander van der Hoog, and Michael Neugart

Print publication date:
Feb 2018
Online publication date:
Feb 2018
This chapter introduces the Eurace@Unibi model, one of the agent-based simulation models that are relatively new additions to the toolbox of macroeconomists, and the research that has been ... More

Agent-based Modeling for Financial Markets  

Giulia Iori and James Porter

Print publication date:
Feb 2018
Online publication date:
Feb 2018
This chapter discusses a step in the evolution of agent-based model (ABM) research in finance. Agent-based modeling has concentrated on the development of stylized market models, which ... More

Agent-Based Models for Economic Policy Design: Two Illustrative Examples  

Frank Westerhoff and Reiner Franke

Print publication date:
Feb 2018
Online publication date:
Feb 2018
With the help of two examples, this chapter illustrates the usefulness of agent-based models as tools for economic policy design. The first example applies a financial market model in ... More

Agent-Based Models of the Labor Market  

Michael Neugart and Matteo Richiardi

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The chapter reviews the literature concerning agent-based labor market models by tracing its roots to the microsimulation literature and surveying a selection of con- tributions made since ... More

Algorithmic Trading based on Biologically Inspired Algorithms  

Vassilios Vassiliadis and Georgios Dounias

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The chapter discusses algorithmic trading, which refers to any automated process, consisting of a number of interconnected components, whose main aim is to perform financial transactions ... More

Algorithmic Trading in Practice  

Peter Gomber and Kai Zimmermann

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The use of computer algorithms in securities trading, or algorithmic trading, has become a central factor in modern financial markets. The desire for cost and time savings within the ... More

The Analysis of Macroeconomic Panel Data  

Joerg Breitung

Print publication date:
Jan 2015
Online publication date:
May 2015
This chapter reviews recent developments in the analysis of macroeconomic panel data which typically involve aggregate variables from various countries. In contrast to the large N, small T ... More

Asymptotic Normal Inference in Linear Inverse Problems  

Marine Carrasco, Jean-Pierre Florens, and Eric Renault

Print publication date:
Feb 2014
Online publication date:
Aug 2014
This chapter studies the estimation of φ in linear inverse problems Tφ = r, where r is only observed with error and T may be given or estimated. The unknown element φ belongs to a Hilbert ... More

Business Applications of Fuzzy Logic  

Petr Dostál and Chia-Yang Lin

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The chapter focuses on the use of fuzzy logic, or soft computing, among the different methods used as supports for decision making in business applications. The processes are focused on ... More

Computable General Equilibrium Models for Policy Evaluation and Economic Consequence Analysis  

Ian Sue Wing and Edward J. Balistreri

Print publication date:
Feb 2018
Online publication date:
Feb 2018
This chapter reviews recent applications of computable general equilibrium (CGE) modeling in the analysis and evaluation of policies that affect interactions among multiple markets. At the ... More

Computational Economic Modeling of Migration  

Anna Klabunde

Print publication date:
Feb 2018
Online publication date:
Feb 2018
In this chapter an agent-based model of endogenously evolving migrant networks is developed to find and estimate the size of determinants of migration and return decisions. Individuals are ... More

Computational Economics in the Era of Natural Computationalism: The Theory of Self-Reproducing Automata  

Shu-Heng Chen, Mak Kaboudan, and Ye-Rong Du

Print publication date:
Feb 2018
Online publication date:
Feb 2018
After a brief review of natural computationalism, this introductory chapter presents a new skeleton of computational economics and finance (CEF) along with an overview of the handbook. It ... More

Computational Industrial Economics: A Generative Approach to Dynamic Analysis in Industrial Organization  

Myong-Hun Chang

Print publication date:
Feb 2018
Online publication date:
Feb 2018
Approach to Dynamic Analysis in Industrial Organization This chapter offers a basic agent-based computational model of industry dynamics that allows us to study the evolving industry ... More

Computational Models of Financial Networks, Risk, and Regulatory Policies  

Kimmo Soramäki

Print publication date:
Feb 2018
Online publication date:
Feb 2018
This chapter introduces the concept of financial networks and reviews research in three of the most active research areas of financial systems: interbank payment networks, interbank ... More

Computational Spatiotemporal Modeling of Southern California Home Prices  

Mak Kaboudan

Print publication date:
Feb 2018
Online publication date:
Feb 2018
Average quarterly price changes in six contiguous southern California cities are obtained and used, first, to determine if price changes in contiguous cities are spatiotemporally ... More

Conflict and Networks  

Sanjeev Goyal, Adrien Vigier, and Marcin Dziubinski

Print publication date:
Apr 2016
Online publication date:
Jun 2016
Conflict remains a central element in human interaction. Networks—social, economic, and infrastructure—are a defining feature of society. Conflict and networks intersect in a wide range of ... More

Conflict and Policy in General Equilibrium: Insights from a Standard Trade Model  

Ernesto Dal Bó and Pedro Dal Bó

Print publication date:
Apr 2012
Online publication date:
Nov 2012
This article examines general equilibrium effects of conflict using a standard trade model, but with a focus on the effects of domestic conflict. Conflict introduces distortions in an ... More

Count Panel Data  

A. Colin Cameron and Pravin K. Trivedi

Print publication date:
Jan 2015
Online publication date:
May 2015
This chapter surveys panel data methods for a count dependent variable that takes nonnegative integer values, such as number of doctor visits. The focus is on short panels, as the ... More

Data-Driven Model Evaluation: A Test for Revealed Performance  

Jeffrey S. Racine and Christopher F. Parmeter

Print publication date:
Feb 2014
Online publication date:
Aug 2014
When comparing two competing approximate models using a particular loss function, the one having smallest “expected true error” for that loss function is expected to lie closest to the ... More

Diffusion in Networks  

PJ Lamberson

Print publication date:
Apr 2016
Online publication date:
Jun 2016
This chapter examines models of diffusion in networks, and specifically how the topology of the network impacts the spreading process. The chapter begins by discussing epidemiological ... More

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